I wrote yesterday that I had gone short at the height of Wednesday's euphoria, and into intraday up-volume spike .
My intent was to fill the Wednesday's gap back to 850 area. I massively added to my shorts on the way down. More thatn 90% is covered since my intent and mission is accomplished. Just holding a little, and am going to leave that to a stop.
We got a nice rush down. Later, I will post a closeup (1-minute chart) of the trades I made.
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago